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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 76177 in Fort Worth, Texas, has experienced significant population growth in recent years. The Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory in this area consists of 15 total units, all of which are designated as low-income units. This LIHTC-funded housing represents approximately 0.14% of the estimated 10,635 housing units in the zip code, based on the 2022 population and national average household size.
The LIHTC program has allocated $176,961 in tax credits for affordable housing projects in zip code 76177. This allocation translates to an average federal funding of $11,797 per unit. Notably, this zip code accounts for 0.15% of the total LIHTC funding in Texas, indicating a relatively small but present investment in affordable housing for the area.
The affordable housing presence in zip code 76177 spans from 2014 to 2016, with two notable projects: Harmon Villas, completed in 2014, and Churchill At Champions Circle, finished in 2016. The mid-2010s were the most active period for LIHTC-funded affordable housing development in this area.
Over the past decade, zip code 76177 has experienced rapid population growth, with the number of residents increasing from 7,421 in 2010 to 27,757 in 2022. This substantial increase in population has been accompanied by fluctuations in median income, which reached $95,936 in 2022.
The racial composition of zip code 76177 has shifted. The white population remains the majority, but its share has decreased from 66% in 2013 to 56% in 2022. The Hispanic population has grown from 14% to 20%, and the Black population has increased from 6% to 12% during the same period. The Asian population has also seen an increase from 4% to 8%.
These demographic changes, particularly the rapid population growth and increased diversity, may indicate a growing need for affordable housing options in zip code 76177. However, the relatively high median income suggests that a significant portion of the population may not qualify for LIHTC-funded housing.
Zip code 76177 in Fort Worth, Texas, has a small but present LIHTC-funded affordable housing inventory, consisting of 15 low-income units. This represents a small fraction of the estimated housing units in the rapidly growing area. The zip code has seen significant demographic changes over the past decade, including substantial population growth and increased racial diversity. While the presence of LIHTC projects indicates some attention to affordable housing needs, the relatively high median income and small percentage of LIHTC-funded units suggest that additional affordable housing initiatives may be worth considering to meet the needs of the changing population.